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Pharmasset, Inc.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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71715N106
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(CUSIP Number)
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December 31, 2010
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Rule 13d-1(b)
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Rule 13d-1(c)
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Rule 13d-1(d)
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CUSIP No. 71715N106
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13G
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Page 2 of 5 Pages
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1.
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NAMES OF REPORTING PERSONS
Raymond F. Schinazi
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5.
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SOLE VOTING POWER
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1,639,038
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6.
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SHARED VOTING POWER
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26,666
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7.
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SOLE DISPOSITIVE POWER
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1,639,038
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8.
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SHARED DISPOSITIVE POWER
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26,666
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,665,704
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10.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
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| 4.87% | ||||||
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12.
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TYPE OF REPORTING PERSON
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CUSIP No. 71715N106
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13G
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Page 3 of 5 Pages
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Item 1(a). Name of Issuer:
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Pharmasset, Inc. (the “Company”)
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Item 1(b). Address of Issuer’s Principal Executive Offices:
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303-A College Road East
Princeton, New Jersey 08540 |
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Item 2(a). Name of Person Filing:
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Raymond F. Schinazi
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2881 Peachtree Road, Unit # 1403
Atlanta, Georgia 30305
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Item 2(c). Citizenship:
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United States
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Item 2(d). Title of Class of Securities:
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Item 2(e) CUSIP Number:
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Item 3. If this Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable.
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(a)
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Broker or dealer registered under Section 15 of the Exchange Act.
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(b)
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Bank as defined in Section 3(a)(6) of the Exchange Act.
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(c)
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Insurance company as defined in Section 3(a)(19) of the Exchange Act.
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(d)
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Investment company registered under Section 8 of the Investment Company Act.
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(e)
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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A parent holding company or control person in accordance with Rule 13d 1(b)(1)(ii)(G);
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(h)
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
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(i)
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A church plan that is excluded from the definition of an investment company under Section 3I(14) of the Investment Company Act;
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| (j) | [ ] | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); |
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(k)
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Group, in accordance with rule 13d-1(b)(1)(ii)(K).
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CUSIP No. 71715N106
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13G
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Page 4 of 5 Pages
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Item 4. Ownership.
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(a)
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Amount beneficially owned:
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1,665,704
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(b)
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Percent of class:
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4.87%, based upon 34, 220,379 shares of common stock outstanding as of December 31, 2010, as reported in the Prospectus Supplement filed by the Company on January 21, 2011.
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote
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1,639,038 (1)
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(ii)
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Shared power to vote or to direct the vote
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26,666 (2)
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(iii)
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Sole power to dispose or to direct the disposition of
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1,639,038 (1)
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(iv)
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Shared power to dispose or to direct the disposition of
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26,666 (2)
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(1)
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Includes (i) 1,017,242 shares owned directly by Dr. Schinazi and (ii) 329,466 shares owned by RFS Partners, L.P. (RFS & Associates, LLC, an entity managed by Dr. Schinazi is the general partner of, and exercises investment and voting power over the shares held by, RFS Partners, L.P.) and (iii) 292,330 shares owned by the Rebecca Schinazi 2006 Irrevocable Trust (Dr. Schinazi is the trustee of the trust, and has voting and dispositive power over securities owned by the trust).
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(2)
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Dr. Schinazi may be deemed to have shared voting power and shared dispositive power with his wife with respect to 26,666 shares owned directly by her. Dr. Schinazi disclaims beneficial ownership of shares owned directly by his wife.
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CUSIP No. 71715N106
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13G
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Page 5 of 5 Pages
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Item 5. Ownership of Five Percent or Less of a Class.
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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Item 8. Identification and Classification of Members of the Group.
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Item 9. Notice of Dissolution of Group.
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Item 10. Certifications.
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February 2, 2011
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Date
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/s/ Raymond F. Schinazi
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Signature
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Raymond F. Schinazi
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Name/Title
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